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Sep 19, 2012
09/12
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if the fiscal cliff isn't addressed, we anticipate the uncertainty associated with the fiscal cliff will have economic effects. a shallowy session would occur next year. about 1.25 million fewer jobs would be created in 2013. financial markets don't like uncertainty. particularly uncertainty of this magnitude. >> those are all familiar refrains we've heard in the past. in about an hour, mr. bernanke is going to take his message directly to the senate finance committee in a close-door meeting. wouldn't you love to be a fly on that wall? we won't know exactly what is said in that meeting, but we can imagine it's going to be something like, please do your job. everything the fed has done really won't matter. >> reaction now from the senior managing director at tangen capital investors. chris, it is a bit exterr extraordinary, but it's understandable given the fact it's the economy and the recovery has been all on the fed. congress has done nothing. >> yeah, congress is the primary bailout recipient, aren't they? we've had no action from the congress on housing, on all of the important issue
if the fiscal cliff isn't addressed, we anticipate the uncertainty associated with the fiscal cliff will have economic effects. a shallowy session would occur next year. about 1.25 million fewer jobs would be created in 2013. financial markets don't like uncertainty. particularly uncertainty of this magnitude. >> those are all familiar refrains we've heard in the past. in about an hour, mr. bernanke is going to take his message directly to the senate finance committee in a close-door...
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Aug 15, 2012
08/12
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cliff? >>> meantime, cisco has been a hot stock recently up nearly 12% in the last few weeks, is it time to get on board once again? of 10 inch hose clamp pliers. you know what's complicated? shipping. shipping's complicated. not really. with priority mail flat rate boxes from the postal service shipping's easy. if it fits, it ships anywhere in the country for a low flat rate. that's not complicated. no. come on. how about... a handshake. alright. priority mail flat rate boxes. starting at just $5.15. only from the postal service. wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] .... [ yawning sound ] >>> welcome back, the nasdaq getting a calf boost from starbucks and cisco. >> yes, we're calling did a caffeine high, taking mcdonald's out of the u.s. focus list is helping shares of starbuc
cliff? >>> meantime, cisco has been a hot stock recently up nearly 12% in the last few weeks, is it time to get on board once again? of 10 inch hose clamp pliers. you know what's complicated? shipping. shipping's complicated. not really. with priority mail flat rate boxes from the postal service shipping's easy. if it fits, it ships anywhere in the country for a low flat rate. that's not complicated. no. come on. how about... a handshake. alright. priority mail flat rate boxes....
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Aug 13, 2012
08/12
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so this pick just upped the ante on the fiscal cliff. paul ryan is the architect of the republican budget. this election is now going to come down to a vision of what you want to do for taxes and fiscal policy in the united states. but ultimately the fiscal cliff is only going to be solved with compromise. so post the election, i think this is going to be much harder to get down now. adding to volatility in the fourth quarter, risk-on names are really going to be hammered during this period and ult analystly i think if the romney/ryan ticket wins, people are going to have a sugar high, but that's going to come down to earth when you realize that it's not just medicare that ryan wants to change. it is an across-the-board spending cut where it comes into health care issues, it comes into industrials, it comes into anyplace that government is spending money now. he wants to reduce. and i think that is going to have huge implications going forward. >> you're painting a picture where the stock market falls, but by how much? it certainly sound
so this pick just upped the ante on the fiscal cliff. paul ryan is the architect of the republican budget. this election is now going to come down to a vision of what you want to do for taxes and fiscal policy in the united states. but ultimately the fiscal cliff is only going to be solved with compromise. so post the election, i think this is going to be much harder to get down now. adding to volatility in the fourth quarter, risk-on names are really going to be hammered during this period and...
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Nov 19, 2012
11/12
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it's related to the fiscal cliff. it's hard to see how the two sides are going to agree to anything sensible because they just have such fundamentally different history government should be doing. the democrats want the government to redistribute income and they want to take from people who have very high incomes and give to other people. the republicans -- they are at least trying to draw attention to the huge base of entitlement spending. pointing out that that is not sustainable have to do something about it. gerri: it is all concerned that the exports are down. we have china and trouble. europe is in trouble. the u.s. economy is sustaining the planet. >> two of the three major players, at least, the u.s. and europe are majorly concerned with expenditure and death. china doesn't have the same thing. but they are doing all kinds of crazy things in china as well. it is hard to see where any growth is going to come from and anybody will lead the world into a better economic situation. nobody is making the right decisi
it's related to the fiscal cliff. it's hard to see how the two sides are going to agree to anything sensible because they just have such fundamentally different history government should be doing. the democrats want the government to redistribute income and they want to take from people who have very high incomes and give to other people. the republicans -- they are at least trying to draw attention to the huge base of entitlement spending. pointing out that that is not sustainable have to do...
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Aug 22, 2012
08/12
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now, are you focused on when scott asked you about the fiscal cliff. are you focused on op r consumers being pulled out with the bush tax cuts? i spoke to an economist the other day, i think that's the bigger thing that's looming regarding the fiscal cliff. >> it's probably. however, i'm not sure how to trade that. if you're investing real money, which all of you guys and hopefully i advise, real money guys, you can't invest in it because you don't know how it's going to turn out. now, i would suggest thatfy gave you the following environment you would probably pay 18 to 20 times earnings, if i gave you a stable growth environment with low inflation with historically accommodative central banks and global, and improving housing and employment, you would probably say, all right, and strong corporate profits, historically, under 3% environment you would pay an average of 19 or 20 multiple. we're at 13 times. the reason we're at 13 times is because of fear and unknown over the fiscal cliff. i am sure that some of russ going to get hit with higher taxes, b
now, are you focused on when scott asked you about the fiscal cliff. are you focused on op r consumers being pulled out with the bush tax cuts? i spoke to an economist the other day, i think that's the bigger thing that's looming regarding the fiscal cliff. >> it's probably. however, i'm not sure how to trade that. if you're investing real money, which all of you guys and hopefully i advise, real money guys, you can't invest in it because you don't know how it's going to turn out. now, i...
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Nov 12, 2012
11/12
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we talk about the fiscal cliff, but this is not a fiscal cliff that we're going to dive off of. these are baseline policies that congress has already agreed in order to deal with the fiscal situation. now they're very messy policies. we ideally would like a better mix of tax arrangements and spending arrangements but the fiscal cliff policies, the baseline policies as the cbo refers to them will at least result in an immediate reduction of the deficit by about 40% to o50% and a long-term reduction in the deficit of 75%. that's an ambitious starting point that congress has established, an ambitious baseline and we now have something to work with. even if we went over the fiscal cliff and didn't come up with something better in the way of a deal we would be left with debt-to-gdp higher than at any time since 1955. so there's a lot more work to do even after we fix this so-called fiscal cliff the first step. >> no argument over the long run you'll probably be in a better situation if you tackle the debt more aggressively early. just about every economist we talk to says if we go ov
we talk about the fiscal cliff, but this is not a fiscal cliff that we're going to dive off of. these are baseline policies that congress has already agreed in order to deal with the fiscal situation. now they're very messy policies. we ideally would like a better mix of tax arrangements and spending arrangements but the fiscal cliff policies, the baseline policies as the cbo refers to them will at least result in an immediate reduction of the deficit by about 40% to o50% and a long-term...
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Nov 20, 2012
11/12
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>> in terms of getting a fiscal cliff deal? >> i personally don't want one, but that's neither here nor there. to wish for asset prices to go down is not the most constructive thing. >> you're not getting a penny. >> no. >> you are not getting a rise above pin because you're short oil. you knew you were coming on. >> i'll quote sarah palin, how is that rising above thing going for you so far? have you seen a lot of rising above going on? >> we are seeing that. i'll refudiate everything you said. we have a strategory. don't underestimate us. >> the deal is it will be short lived. i think you're seeing that. >> simpson-bowles, you have no faith down the road we could do a grand bargain? >> i would love to see it. >> do you want simpson-bowles? it will do things, could bring capital gains and dividends -- >> i'm just a realist. i think this is where we are in terms of the negotiations. you've got two -- >> are you so short oil that would make up for everything else that would lose value in your life? >> he just wants to be right o
>> in terms of getting a fiscal cliff deal? >> i personally don't want one, but that's neither here nor there. to wish for asset prices to go down is not the most constructive thing. >> you're not getting a penny. >> no. >> you are not getting a rise above pin because you're short oil. you knew you were coming on. >> i'll quote sarah palin, how is that rising above thing going for you so far? have you seen a lot of rising above going on? >> we are...
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Jul 23, 2012
07/12
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including the fiscal cliff happening here at home. and i think by going open-ended -- >> no way they can inoculate themselves probably against all three of those. >> move to make it less work. >> that guy -- what are we trying to accomplish? >> how many more jobs are going to be created by moving sooner rather than later? i'm just not sure it would actually help that much. >> this isn't a rate problem at this point. i would argue the fedex tends the language of 2015, which is more analysts think is going to happen, then that sends the negative signal to businesses and households. fed thinks lit wait that long to raise rates and doesn't believe its own forecast and has the negative effect that the -- pressing influence. >> so -- >> i would say the fed may not even put a date on it. i say that they may have a lot of open-ended commitments can -- >> they are not going to do that. they are not going to do that. >> on the fed, go to actual economic targets. until unemployment gets the ax. are you saying the fed should do nothing? and will
including the fiscal cliff happening here at home. and i think by going open-ended -- >> no way they can inoculate themselves probably against all three of those. >> move to make it less work. >> that guy -- what are we trying to accomplish? >> how many more jobs are going to be created by moving sooner rather than later? i'm just not sure it would actually help that much. >> this isn't a rate problem at this point. i would argue the fedex tends the language of...
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Nov 19, 2012
11/12
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fiscal cliff just reverses that. if you knew this would be put out over time, we would buy stocks left and right, joe. >> you got the pin on. was that your "mad money" jacket or how is this going to work today? >> i was on the "today" show today. i believe in this cause. i talk about it every night on my show. what the heck am i doing not wearing it? >> you make me proud. let me ask you this. in terms of fiscal cliff aside, in terms of valuations and sentiment, is the market spring loaded? >> valuations versus -- it's not like interest rates have spiked here. valuations are being reset to the idea that the dividends aren't going to be worth that much maybe under ordinary income. a lot of people own stocks in tax free accounts, 401(k)s, they should load up like mad because yields have come up here particularly in a lot of stocks that like verizons and at&ts. they make so much sense here. >> you saw lowe's. they were good. we should have known that i guess. >> i have a lot of friends involved in the construction indust
fiscal cliff just reverses that. if you knew this would be put out over time, we would buy stocks left and right, joe. >> you got the pin on. was that your "mad money" jacket or how is this going to work today? >> i was on the "today" show today. i believe in this cause. i talk about it every night on my show. what the heck am i doing not wearing it? >> you make me proud. let me ask you this. in terms of fiscal cliff aside, in terms of valuations and...
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Nov 21, 2012
11/12
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fiscal cliff, fiscal abyss. you've outlined a lot of ways what we need to do, but we've got january 1st. how many days? >> 40. >> 40 days and 40 nights. >> that includes all the holidays. >> 40 days. >> they've all been addressed, put their positions in, that's why you have to start with things that have already been talked about. >> let's take a very quick commercial break. when we come back, we will continue this conversation with former wells fargo chairman and ceo dick kovacevich. also mario gabelli, take a look at the "squawk box" market indicator. wow, not often you see that. markets indicated flat. you can see s&p futures are down by less than a point. ten-year note is also flat at this point. crude oil up by just about $1. and gold up by $3.90. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-
fiscal cliff, fiscal abyss. you've outlined a lot of ways what we need to do, but we've got january 1st. how many days? >> 40. >> 40 days and 40 nights. >> that includes all the holidays. >> 40 days. >> they've all been addressed, put their positions in, that's why you have to start with things that have already been talked about. >> let's take a very quick commercial break. when we come back, we will continue this conversation with former wells fargo...
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Aug 14, 2012
08/12
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. >> the fiscal cliff edging closer every day. i was waiting for it. >> here comes the video, cue it. >> later, we'll be joined live from iowa with the success rate of high-tech seeds aimed at weathering droughts like the one happening right now. >>> plus, shocker, rich kids behaving badly. what they need to do to keep their children from turning into brats so they don't post foess like this on quitter and embarrass everybody about what they're doing with their parents money. this is disgusting. >> shocking. . sometimes investing opportunities are hard to spot. you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm stephen hett of fidelity investments. the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. [ male announcer ] let's say you need t
. >> the fiscal cliff edging closer every day. i was waiting for it. >> here comes the video, cue it. >> later, we'll be joined live from iowa with the success rate of high-tech seeds aimed at weathering droughts like the one happening right now. >>> plus, shocker, rich kids behaving badly. what they need to do to keep their children from turning into brats so they don't post foess like this on quitter and embarrass everybody about what they're doing with their...
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Aug 13, 2012
08/12
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will that actual ly ly. >> there is a fiscal cliff issue. you hear it time and again about the hesitation. because they don't know not just the fiscal cliff but the overall administration. what is going to be their stance towards business. >> i agree. and i will take the gloves off. but i do think that it's a positive that we have got these guys talking about what is that 800 pound gorilla in the room. they keep looking at how much we're spending versus how much greece spends. i think we have to focus back in on these. if you didn't have somebody like paul ryan on the ticket, then i think the talk, basically goes to, well, mitt romney worked at bain capital. so what. that's a good thing. but we will see what the voters think. >> we talk about boxing. today's after a run we have had in the markets, it's been a period where they have kept peop people. >> all right. ryan may be chairman of the house's budget committee but is there reason to believe. chief u.s. economist, he joins us right now. it's great to have you with us. >> i think that's g
will that actual ly ly. >> there is a fiscal cliff issue. you hear it time and again about the hesitation. because they don't know not just the fiscal cliff but the overall administration. what is going to be their stance towards business. >> i agree. and i will take the gloves off. but i do think that it's a positive that we have got these guys talking about what is that 800 pound gorilla in the room. they keep looking at how much we're spending versus how much greece spends. i...
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Dec 6, 2012
12/12
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we do not want to go off the fiscal cliff. that's why we quickly responded to another proposal to the president. but the president refused to have a discussion. >> there's other reports that say republicans are looking for a fallback position, if he can't get the capps on deductions for more tax revenues and so forth. and it's going to be tax rates that the republicans might just vote present. some might vote present. some might vote aye and deal with the rates next year is. that just pure press speculation or is there anything to it? >> look, those are all press stories that are out there. we're trying to solve a problem. because if that came to fruition, that does nothing to solve the problem. and we just have an unbelievable amount of growth in government where we have to control the spending. if we want to truly save medicare and social security, we've got to do something about it. that's what republicans have been proposing all along. we want to solve a problem once and for all. and that's why we haven't waited -- it's in
we do not want to go off the fiscal cliff. that's why we quickly responded to another proposal to the president. but the president refused to have a discussion. >> there's other reports that say republicans are looking for a fallback position, if he can't get the capps on deductions for more tax revenues and so forth. and it's going to be tax rates that the republicans might just vote present. some might vote present. some might vote aye and deal with the rates next year is. that just...
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Jul 23, 2012
07/12
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. >> we have spoken on "mad money" and the rest of the network about the fiscal cliff. you brought it up directly when talking about the buying of new trucks you say there are people who are pausing because of worries a about the fiscal cliff. >> we think whether it is a consumer or capital goods purchaser. the closer we get to year end the reality of potential real problem from the fiscal cliff is becoming very immediate to people. we are concerned about it. we have spoken about it publically. we think this is a time when we need real leadership to deal with the expense and revenue side. this is more of a political problem than an economic problem. this needs to be solved to set the framework for more certainty to get on to growth and growing jobs in this country. >> at the same time you're positive about north america. we have automotive, very strong just the plain old electrical business is good which brings me to cooper. to me it seems like you are going to double down on the strong part of eaton with cooper. if anything, people are worried about europe which can tu
. >> we have spoken on "mad money" and the rest of the network about the fiscal cliff. you brought it up directly when talking about the buying of new trucks you say there are people who are pausing because of worries a about the fiscal cliff. >> we think whether it is a consumer or capital goods purchaser. the closer we get to year end the reality of potential real problem from the fiscal cliff is becoming very immediate to people. we are concerned about it. we have...
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Aug 23, 2012
08/12
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why the lack of concern for the potential of what could be with the fiscal cliff? do we suspect that there will be this grand forced comcompromise? >> i believe the view of most economists is that at the last minute we probably will get some compromise to avert most of the fiscal cliff. when you think about the risks around that, the positive risk is we have to compromise before then, before the election. that's a low probability. i think the negative risk is we actually get no compromise or compromise after the january 1st educati expiration of those measures. i think that's the bigger risk now. bad or worse are the two most likely outcomes. we do think there will be a compromise. even if there is a compromise, we're probably going to get a little more austerity next year. we often talk about the bush tax cuts as being the big part of the fiscal cliff, which it is, but even if there's a compromise on that, we're unlikely to extends the payroll tax holiday, and probably will see spending cuts from the budget control act. you know, i think even in a good scenario, w
why the lack of concern for the potential of what could be with the fiscal cliff? do we suspect that there will be this grand forced comcompromise? >> i believe the view of most economists is that at the last minute we probably will get some compromise to avert most of the fiscal cliff. when you think about the risks around that, the positive risk is we have to compromise before then, before the election. that's a low probability. i think the negative risk is we actually get no compromise...
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Dec 4, 2012
12/12
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and i'm talking about the fiscal cliff now. i wonder if you were at 25% of gdp, if the government had grown to this size where it is right now and you were trying to figure out how to deal with it and you were in charge, would it be all about -- would the first thing you come up with be raising taxes? would not -- wouldn't you address the spending -- wouldn't you address the spending side of -- >> right. >> -- and, you know, the republicans are trying to criticize the obama proposals by saying you're not cutting spending, you're not coming to us on entitlements, but it's falling flat. no one's really listening and the white house has controlled the debate that it's all about the upper 2%. the first thing in texas you do is shrink the size of government, wouldn't you? >> well, we did that. we faced a substantial budget shortfall. we have a constitutional amendment that requires us to have a balanced budget, which frankly america needs that. >> i don't know what would happen. >> most states have that. >> the states that are -- i
and i'm talking about the fiscal cliff now. i wonder if you were at 25% of gdp, if the government had grown to this size where it is right now and you were trying to figure out how to deal with it and you were in charge, would it be all about -- would the first thing you come up with be raising taxes? would not -- wouldn't you address the spending -- wouldn't you address the spending side of -- >> right. >> -- and, you know, the republicans are trying to criticize the obama...
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Dec 7, 2012
12/12
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it's coming under pressure as part of a broader fiscal cliff deal. there's an article on the front page of today's "wall street journal" that highlights other ways people are trying to take advantage of the certainty over the final few weeks of 2012. some of the examples they cite are people said to be accelerating large medical expenses for this year and selling appreciated stock in some cases even prepaying their mortgages so they can make sure they get the mortgage interest deduction. and, bob, you think -- for a lot of people that won't matter? >> you have the amt. so if you take excessive deductions, they just disappear. which is one of the things about all of this about limiting these deductions which is kind of silly because the amt does it in the aggregate. and of course the amt is grabbing more and more people and it's one of the things they want to reform, but if they reform it, they have to raise taxes someplace else. so it's confusing. >> but that's the worst part of it, a simpler tax code that someone could actually understand and now ho
it's coming under pressure as part of a broader fiscal cliff deal. there's an article on the front page of today's "wall street journal" that highlights other ways people are trying to take advantage of the certainty over the final few weeks of 2012. some of the examples they cite are people said to be accelerating large medical expenses for this year and selling appreciated stock in some cases even prepaying their mortgages so they can make sure they get the mortgage interest...
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Nov 14, 2012
11/12
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fiscal cliff. >> i have the most important news. elmo. which if you have children, which you do, even if you don't have children and you grew up with elmo or "sesame street," this is the best news -- >> with little kids. >> elmo is it, right? you want to do a little elmo impression? so kevin clash -- there was obviously this accusation made against him with this underaged situation. >> the kid is already over age. he's saying it happened five years ago. >> he's 23 now. >> he's now happily, i'm thrilled to know this, recanted his statement. >> why is he recanting it? >> they put out a statement saying this office represented the 23-year-old man, he wants it to be known that his sexual relationship with mr. clash was an adult con sensual relationship. he will have no further comment on this matter. kevin clash puts out a statement saying -- >> so he was going to take some time off? is he now not going to take any time off? >> i assume he can go back to work. he should go back to work. great news? >>
fiscal cliff. >> i have the most important news. elmo. which if you have children, which you do, even if you don't have children and you grew up with elmo or "sesame street," this is the best news -- >> with little kids. >> elmo is it, right? you want to do a little elmo impression? so kevin clash -- there was obviously this accusation made against him with this underaged situation. >> the kid is already over age. he's saying it happened five years ago....
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Aug 21, 2012
08/12
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was actually going to do something on the fiscal cliff before the election. i guess you fogot that wrong, t, but wistful thinking. >> i don't know if it was wistful thinking but the urgency. they don't have to do it before the election but before april 1st. the fiscal represented a large portion of the gdp and it's growing at 2 to 2 1/2. i don't think the republicans or democrats want to throw this economy into a recession. >> does the outcome of the election factor into a 1500 price target on the s&p? >> no. i believe it will get to 1500 no matter who wins. >> what's the big risk? we hardly have a solution in europe? >> no. i think europe is provided liquidity that will allow them to muddle through at least until the middle of next year. my disappointment with entrepreneur they're not dealing with any structural issues. that's still the problem in the united states. in the case of the u.s., i think the economy is doing better but not as well as i would want it to. earnings are strong enough and interest rates are low enough for the market to get to 1500. >>
was actually going to do something on the fiscal cliff before the election. i guess you fogot that wrong, t, but wistful thinking. >> i don't know if it was wistful thinking but the urgency. they don't have to do it before the election but before april 1st. the fiscal represented a large portion of the gdp and it's growing at 2 to 2 1/2. i don't think the republicans or democrats want to throw this economy into a recession. >> does the outcome of the election factor into a 1500...
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Sep 20, 2012
09/12
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this fiscal cliff is looming, what are your former colleagues thinking? >> well, they're thinking they want to get re-elected. and they better get home and explain to people why they haven't done much? the fiscal cliff is going to have to be addressed. it's a pressure point. i call it the mother of all pressure points. congress usually acts when there's a pressure point coming up. hopefully they'll step back, take a look at this, and they need a comprehensive agreement on the issue of how you get the deficit under control. put aside the fiscal cliff and not put the country through that sort of trauma. >> they haven't been able to do it to this point. why should we believe they'll be able to do it between november 6th and the end of the year. what will change that will allow some sort of comprehensive plan to solve this issue? >> well, reality will set in. it's going to be pretty obvious very quickly, and probably sooner rather than later, that the economy is going to start to stall out here, maybe go into reverse if the fiscal cliff is allowed to execute.
this fiscal cliff is looming, what are your former colleagues thinking? >> well, they're thinking they want to get re-elected. and they better get home and explain to people why they haven't done much? the fiscal cliff is going to have to be addressed. it's a pressure point. i call it the mother of all pressure points. congress usually acts when there's a pressure point coming up. hopefully they'll step back, take a look at this, and they need a comprehensive agreement on the issue of how...
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Nov 15, 2012
11/12
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of course it is the looming fiscal cliff. we have made it a bit of a drinking game for those playing at home. i sat down with one of the democratic congressman barney frank and we talked about it. >> sequestration is a terrible idea and that can be very disruptive and if we go into sequestration, yeah, i think that's awful. if the taxes went up on everybody for a month or two, it would be a temporary bump, it would mean slowing down expansion which i think is coming, but you could undo it. >> so the most interesting thing barney frank said yesterday was he believes that it is a bungee cord, if you will, meaning he expects and almost is pushing for everybody to go over the cliff at least for a couple weeks and believes that the 39.6 number is still on the table and that the can democrats and the obama administration still have the mandate. >> you're talking higher marginal rate ps p. >> yes. he doesn't believe there are not enough deductions. so many of the ceos that came out of that meeting seemed to be wink winwink, nod nod,
of course it is the looming fiscal cliff. we have made it a bit of a drinking game for those playing at home. i sat down with one of the democratic congressman barney frank and we talked about it. >> sequestration is a terrible idea and that can be very disruptive and if we go into sequestration, yeah, i think that's awful. if the taxes went up on everybody for a month or two, it would be a temporary bump, it would mean slowing down expansion which i think is coming, but you could undo...
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Aug 21, 2012
08/12
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we don't expect a fiscal cliff. we believe there will be legislation before the end of the year to cut this huge increase in taxes and cut spending. in that compromise, we may still be too severe. this is a still weak economy. you have to bring the deficit down slowly. like lowering a piano out of the fourth floor of a building. you have to do it slowly. we do it one rung at a time. you do it over five or six years, you can help this economy grow. i'm concerned they may come up with a compromise after the election results in a 3 percentage drop in gdp ratio, that's too severe. >> could push it into recession. >> right on the knife edge. >> are you looking for, in essence, cues to sell or looking for cues to buy? >> both, unfortunately. this uncertainty will still be with us after the election day. we have one party rule, this won't happen. but we could have a divider. if the president is reelected, and we have a divided house, we could have all the spending cuts -- >> could we lose 20 to 25%? >> i wouldn't bet that
we don't expect a fiscal cliff. we believe there will be legislation before the end of the year to cut this huge increase in taxes and cut spending. in that compromise, we may still be too severe. this is a still weak economy. you have to bring the deficit down slowly. like lowering a piano out of the fourth floor of a building. you have to do it slowly. we do it one rung at a time. you do it over five or six years, you can help this economy grow. i'm concerned they may come up with a...
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Dec 5, 2012
12/12
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could be a fiscal cliff. the gulf is hotter than it's ever been even a few years ago it was ice cold. >> big story in the journal about exploration in this country. production 15-year high. brand new chapter here. look at the bottom of your screen. citigroup is cutting 11,000 jobs. we want to get to kayla tausche with more on that. >> we have a release that just hit the wire in citigroup where those jobs are coming from and a charge that the company plans to take in the fourth quarter because of these job cuts even though it expects them to generate $900 million in cost savings next year. interestingly this is the first move toward really slimming down citi by the new ceo. he has a quote in here saying these actions are logical next steps in citi's transformation and says they're committed to strategy that continues to leverage in the global banking market. if you go through the list of where these jobs are actually coming from, institutional clients group which is investment banking a quarter of the job cuts
could be a fiscal cliff. the gulf is hotter than it's ever been even a few years ago it was ice cold. >> big story in the journal about exploration in this country. production 15-year high. brand new chapter here. look at the bottom of your screen. citigroup is cutting 11,000 jobs. we want to get to kayla tausche with more on that. >> we have a release that just hit the wire in citigroup where those jobs are coming from and a charge that the company plans to take in the fourth...
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Nov 29, 2012
11/12
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we talked about the fiscal cliff. today we have cliff noran, $154 billion in assets under management. and as joe was saying during the break, we have a little bit of a drinking game. every time we mention fiscal cliff. a lot of viewers are kind of drunk by thousand. >> i'll toast with them. >> are you up in boston? >> springfield, mass. mostly bonds. we specialize in corporate bonds, real estate. >> so what are you doing about the fiscal cliff? >> we think it's actually a good thing because it's addressing something in our country that's gotten out of control. step back the last five years, september 2007, we crossed $9 trillion in debt. thousand we're at $16.2 trillion to $16.3 trillion four years later. five years later. deficits of 1.25 trillion for the last five years. so we have a problem in our country that really needs to be resolved. we've become addicted to stimulus really through deficit spending, through 0% interest rates. >> how are you investing around this? >> we're comfortable investing in corporate bon
we talked about the fiscal cliff. today we have cliff noran, $154 billion in assets under management. and as joe was saying during the break, we have a little bit of a drinking game. every time we mention fiscal cliff. a lot of viewers are kind of drunk by thousand. >> i'll toast with them. >> are you up in boston? >> springfield, mass. mostly bonds. we specialize in corporate bonds, real estate. >> so what are you doing about the fiscal cliff? >> we think it's...
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Nov 13, 2012
11/12
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there won't be a fiscal cliff. they'll do some patch work and it will be tax increases come into play in five years time and a bit of spending cuts that come in 100 years. and then everybody will be happy and they'll be a rebound in the market. but the market is actually going down because i think that corporate profits will begin to disappoint and that the global economy will hardly grow next year or even contract. and for that is the reason that stocks from the highs in september at 1470 on the s&p will drop in my view at least 20%. apple has already dropped more than 20%. >> what's causing this global shedo do slowdown? is there any way out of this or is this a messes that we have to live with right now? >> each country has specific problems. i was in vietnam, i've seldom see seen such an overbuild real estate market. it will take years to absorb everything. and vietnam property market is a microcosm of the chinese property market. it will also take years in china to absorb all the properties that are being buil
there won't be a fiscal cliff. they'll do some patch work and it will be tax increases come into play in five years time and a bit of spending cuts that come in 100 years. and then everybody will be happy and they'll be a rebound in the market. but the market is actually going down because i think that corporate profits will begin to disappoint and that the global economy will hardly grow next year or even contract. and for that is the reason that stocks from the highs in september at 1470 on...
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Oct 14, 2012
10/12
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we look for some resolution of the fiscal cliff which is laying on corporate sentiment. i believe 2013, the earnings will have improved. >> do you think this earnings season is factored in our markets? >> yes, bill, i do. i think the equity is a decent discount there of the near term future. we have seen weaker gdp numbers. earnings being soft is largely reflected in the market. >> it was five years ago this week that the dow hit the all time high. we saw a bit of a sell off this week. we are not that far away from that peak of five years ago. do you think we'll get back there? >> yes, i do. you can definitely see record equity highs. even though the market has taken a long time to get back up to the near previous highs, keep in mind multiples are much lower, interest rates are lower. yes, i think it's a matter of time before we break those old highs and set very likely new highs. >> we are starting to see beginnings of a rebound in the bank earnings, some of the data out there. do you think this recovery is for real? >> i do, bill. remember, it wasn't that long ago peop
we look for some resolution of the fiscal cliff which is laying on corporate sentiment. i believe 2013, the earnings will have improved. >> do you think this earnings season is factored in our markets? >> yes, bill, i do. i think the equity is a decent discount there of the near term future. we have seen weaker gdp numbers. earnings being soft is largely reflected in the market. >> it was five years ago this week that the dow hit the all time high. we saw a bit of a sell off...
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Nov 28, 2012
11/12
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we talked about the fiscal cliff. the consumer that you talk about, is probably the strongest in multiple years, is there a reconciliation here, consumer being so strong and yet taxes going up? >> i'm not an economist. but i can say to you, look, great brands command higher prices in any market and drive consumers. we are all about taking the brands and growing those businesses globally. we're not totally reliant on any region. the world is going to go through ups and downs. i think that is what we have put together. i guess i would say that the u.s. consumer for the holiday season seems to be in good shape. >> thank you manny chirico, chairman and ceo of pvh. we are staying there. after the break trying to make you some more money. >> coming up. the deal shook the street this morning. but as the frozen food maker shares heat up, should you be tempted to take a bite? cramer unwraps what is ahead. the charts have not been kind to foreign financials but cramer has found a pattern that is signaling the turn around. as ji
we talked about the fiscal cliff. the consumer that you talk about, is probably the strongest in multiple years, is there a reconciliation here, consumer being so strong and yet taxes going up? >> i'm not an economist. but i can say to you, look, great brands command higher prices in any market and drive consumers. we are all about taking the brands and growing those businesses globally. we're not totally reliant on any region. the world is going to go through ups and downs. i think that...
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Aug 13, 2012
08/12
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>> no. >> where does this fiscal cliff issue go? >> we obviously announced a couple of months ago next week we are extending the entire tax code. all the tax rates, for a year with fast track procedures to do fundamental tax reform next year. the senate is trying to preempt that by saying we will extend just some rates and let the rates on the higher two brackets go which is the tax unsuccessful small businesses horrible for economic growth and effective top marginal tax rate of 44.8% in january. so we are knot going to pass that and they are not going to pass the one-year extension. that obviously kicks us into lame duck. what this all means, maria, whoever win this election, basically is going to determine what this all looks like next year. >> i mean, leaving people's -- lives in the balance -- >> i agree with that. >> no decision until the -- after the election. then you talk about a month and half to get something done and you know that won't happen. talking about a 2013 affair. what happens to jobs and all that time? what happ
>> no. >> where does this fiscal cliff issue go? >> we obviously announced a couple of months ago next week we are extending the entire tax code. all the tax rates, for a year with fast track procedures to do fundamental tax reform next year. the senate is trying to preempt that by saying we will extend just some rates and let the rates on the higher two brackets go which is the tax unsuccessful small businesses horrible for economic growth and effective top marginal tax rate...
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Aug 23, 2012
08/12
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." >> fiscal cliff or not, mark fabre says we're going into a recession. and paying up, more and more economists are saying americans are not being taxed enough. are higher taxes on the way regardless of who is elected president? and the grass is always greener. as the growing movement to legalize marijuana turned a new leaf? that's all coming up. [ male announcer ] when a major hospital wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ...forbusiness.com. [ yawning sound ] as much advanced technology as the world around it. with the available lexus enform app suite, you can use opentable to make restaurant reservations. during the golden opportunity sales event, get great values on some of our newest models. this is the pursuit of perfection. >>> welcome back, we're in the final stretch here for the day of trading. the quick market stat check looks like thi
." >> fiscal cliff or not, mark fabre says we're going into a recession. and paying up, more and more economists are saying americans are not being taxed enough. are higher taxes on the way regardless of who is elected president? and the grass is always greener. as the growing movement to legalize marijuana turned a new leaf? that's all coming up. [ male announcer ] when a major hospital wanted to provide better employee benefits while balancing the company's bottom line, their very...
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Aug 23, 2012
08/12
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>> i don't want to blame any one day on the fiscal cliff. generally, as btig's chief strategist my job is to meet with clients fairly frequently and articulate our view on investments in the economy. i can say confidently that there is virtually no concern about the fiscal cliff. just about everybody thinks it will be kicked into the future anywhere from three to six months or so. no. i don't think it is impacting investor sentiment now. >> why is everybody buying gold? >> gold has more to do with the federal reserve. we get into something you and i can fight about. the last couple of days or weeks you have seen people come to the realization that another program at this point is more likely than not. probably not assured but more likely than not. you are seeing it in the gold price. >> we don't have time to argue tonight. i think oit will do more harm than good. why do you think oil prices got clobbered today? >> i find it difficult to attribute any particular day's movements to anything else. i would say generally oil like commodities have
>> i don't want to blame any one day on the fiscal cliff. generally, as btig's chief strategist my job is to meet with clients fairly frequently and articulate our view on investments in the economy. i can say confidently that there is virtually no concern about the fiscal cliff. just about everybody thinks it will be kicked into the future anywhere from three to six months or so. no. i don't think it is impacting investor sentiment now. >> why is everybody buying gold? >>...
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Dec 28, 2012
12/12
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and can lawmakers prevent an economic crisis by agreeing on a fiscal cliff deal? darren gersh reports. >> reporter: here is a measure of how bad things are now in washington. markets rallied on news the house will come back to work on sunday, even though there is no solution ready for lawmakers when they return. and in the senate, which is back at work, republican leader mitch mcconnell warned he would not write a blank check to the white house, though he said he would keep an open mind on anything the president proposes. >> it appears to me the action, if there is any, is now in the senate side and we'll just have to see if we're able, on a bipartisan basis to move forward. >> reporter: senate majority leader harry reid said he too would try to reach agreement. but that was after spending most of the day hammering away at house republicans. reid blamed the current stand off on the inability of house republicans to pass their own plan which would have extended tax breaks for everyone making less than a million dollars a year. >> it's the mother of all debacles. th
and can lawmakers prevent an economic crisis by agreeing on a fiscal cliff deal? darren gersh reports. >> reporter: here is a measure of how bad things are now in washington. markets rallied on news the house will come back to work on sunday, even though there is no solution ready for lawmakers when they return. and in the senate, which is back at work, republican leader mitch mcconnell warned he would not write a blank check to the white house, though he said he would keep an open mind...
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Dec 28, 2012
12/12
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a positive turn in the fiscal cliff crisis. house republicans agree to meet sunday night to resume talks after a day of finger-pointing and complaining in washington. on wall street, fiscal fears created whiplash for investors: a big stock market sell-off and then bounce back on word that lawmakers are springing back into action. and, if you used your smartphone to shop this christmas, you're in fashion. it was the year's top retail trend. we have that and more tonight on "n.b.r."! a dramatic cliff-hanger today between washington and wall street about the fiscal cliff. stocks initially sold off after senate majority leader harry reid predicted the economy would go over the cliff. speaking from the senate floor he said there's not enough time between now and the end of the year to reach a deal. but stocks erased their losses ithe final hour of trading on news that the house of representatives will reconvene on sunday night to resume talks. by the closing bell, the dow was down only 18 points, bouncing back from a triple digit lo
a positive turn in the fiscal cliff crisis. house republicans agree to meet sunday night to resume talks after a day of finger-pointing and complaining in washington. on wall street, fiscal fears created whiplash for investors: a big stock market sell-off and then bounce back on word that lawmakers are springing back into action. and, if you used your smartphone to shop this christmas, you're in fashion. it was the year's top retail trend. we have that and more tonight on "n.b.r."! a...
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Dec 20, 2012
12/12
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the fiscal cliff, gun control in detroit dominating the news. >> there's no question about it. if you want a deal on the fiscal cliff, today was a very bad day. only duelling press conferences. no progress behind the scenes. we'll talk about it a a few minutes. >> i'm hampton pierce earson. >> and gm shares got a nice pop. is this the end of government motors. "the kudlow report" starts right now. >>> first up tonight is president obama and house speaker john boehner escalate their war of words, new signs the fiscal cliff talks are on the brink of collapse. chief washington correspondent john harwood joins us from washington with the details. i look away for two seconds, john, and everything's falling astart. >> it looked a couple of days ago as if the two sides were getting closer. when president obama had a news conference at the white house today, he came out to talk about gun control measures in the wake of the connecticut tragedy, but the questions were mostly focused on the fiscal cliff. the president said he couldn't understand why john boehner was detouring to plan b be
the fiscal cliff, gun control in detroit dominating the news. >> there's no question about it. if you want a deal on the fiscal cliff, today was a very bad day. only duelling press conferences. no progress behind the scenes. we'll talk about it a a few minutes. >> i'm hampton pierce earson. >> and gm shares got a nice pop. is this the end of government motors. "the kudlow report" starts right now. >>> first up tonight is president obama and house speaker...
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Dec 17, 2012
12/12
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what's the best way to protect yourself from the fiscal cliff? vanguard ceo will tell you in a "halftime" exclusive. debate it, caterpillar has underperformed the market this year but with china looking up is the stock set for a surge? the "halftime" rumble is ahead. first our top story, biting into apple. citi downgrades the stock less than one month after calling it a buy. what does the firm's team of analysts see now? where will the stock head for header? traders are stephanie link, joe terranova, steve weiss and josh brown. you surprised at this downgrade? what does it mean for the stock which went under $500 a share today previously in the premarket? >> this is 20 days after initiating coverage of the buy. i guess i don't know which of the three of them was the most vociferous about downgrading because now it's three guys making the call. playbook one of them holds a little bit more sway. personally i really don't care. i don't think it's optionable, the initiation at the price it was at and now the call today. the way we're looking at apple
what's the best way to protect yourself from the fiscal cliff? vanguard ceo will tell you in a "halftime" exclusive. debate it, caterpillar has underperformed the market this year but with china looking up is the stock set for a surge? the "halftime" rumble is ahead. first our top story, biting into apple. citi downgrades the stock less than one month after calling it a buy. what does the firm's team of analysts see now? where will the stock head for header? traders are...
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Nov 8, 2012
11/12
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the road and push the fiscal cliff off. just like last august with the debt ceiling, it's going to get messy. i think we're going to be in a period of volatility. >> are we kidding ourself when is we say that europe is a big part of this decline because of the debt crisis? are we ignoring the fiscal cliff to some degree? >> i don't think we're ignoring it now. i think we were ignoring it for a good, long time. i'm not an optimist, but i'm a realist. i do believe there will be some sort of resolution. the fact is, these are real concerns. the market needs a good gut-wrenching down right now. >> we're getting it right now. down 100 points on the industrial average. so now we are setting lows for the session. now the s&p is below its 200-day moving average, which was at 1380 and change. you think we continue this tomorrow? we have one more day to go this week. >> if i'm somebody looking to get in, i'm looking at my portfolio. i'm looking at the dogs i've got. i'm thinking about maybe, you know, starting to get a little bit of
the road and push the fiscal cliff off. just like last august with the debt ceiling, it's going to get messy. i think we're going to be in a period of volatility. >> are we kidding ourself when is we say that europe is a big part of this decline because of the debt crisis? are we ignoring the fiscal cliff to some degree? >> i don't think we're ignoring it now. i think we were ignoring it for a good, long time. i'm not an optimist, but i'm a realist. i do believe there will be some...
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Jul 23, 2012
07/12
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i say by size of problems fiscal cliff -- >> not just fiscal live. it's obama care and romney saying if he's elected he'll repeal it. this is the biggest piece of legislation since world war ii on the biggest sector of the economy. everybody is sitting on their hands. more uncertainty. there's some really some truth to it. >> there's a story on the front of the "wall street journal" today talking about how the tax policy at this point has been pushed so far and a lot of small and mid-size companies say forget it they are not is going pay any attention to these tax incentives they say it's too expensive to be in compliance with the regulations. if we've reached a point where the tax code can't push the companies around it shows the mess. if i had to pick my problems i would pick this one. this one may have a bigger exact on what we face. >> fiscal cliff, europe, china. right? who has the biggest problem. pick your problem. >> you just came back from aspen. >> yes. >> the tech guys that you spent time with, right, and we can name all of them. >> right.
i say by size of problems fiscal cliff -- >> not just fiscal live. it's obama care and romney saying if he's elected he'll repeal it. this is the biggest piece of legislation since world war ii on the biggest sector of the economy. everybody is sitting on their hands. more uncertainty. there's some really some truth to it. >> there's a story on the front of the "wall street journal" today talking about how the tax policy at this point has been pushed so far and a lot of...
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Jul 26, 2012
07/12
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let's talk about the fiscal cliff. kristin legard saying the fiscal cliff is a big problem for the u.s. economy. we don't hear anything that we're going to do. with all due respect, when will the adults enter the room and come to an agreement about the important issues that have all of these american lives in the balance? >> i don't take kindly to being called a non-adult. you remind me of your colleague -- i'm trying to talk about the tone in which we talk about them. yes, i want to talk seriously about the issues, i tried to response to questions you raised, you changed the subject. i think you need some tax increase, some cuts in the military, and some cuts on domestic spending. the problem you have and you say i blame the bush administration, i didn't blame them, i embraced it -- >> but you just said a minute ago the replicans squaurted any chance of getting anything done. rewind the tape. >> you're not going to do this, you're not going to mistake what i said and stop me off from responding. i didn't say they squa
let's talk about the fiscal cliff. kristin legard saying the fiscal cliff is a big problem for the u.s. economy. we don't hear anything that we're going to do. with all due respect, when will the adults enter the room and come to an agreement about the important issues that have all of these american lives in the balance? >> i don't take kindly to being called a non-adult. you remind me of your colleague -- i'm trying to talk about the tone in which we talk about them. yes, i want to talk...
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Nov 30, 2012
11/12
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FBC
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fiscal cliff. and dr. francis collins with the national institutes of health. fiscal cliff. folks including today to liz hy malcolmed the month of november and the red and nasdaq and s&p close slightly higher, consumer discretionary and industrials were this month's top performing sectors, utilities and energy lagged behind. oil posting its second straight day of gains closing the trading day up 1%, $80.91 for a barrel of oil and today's gains in crude up 3% for the month of november as concern over threats to supply due to mideast violence offset ongoing demand worries and personal spending, are you part of this, it sold for the first time in five months dropping 0.2%. the commerce department is a debating that to hurricanes and the lowering wages and salaries by an annual rate of $18.2 billion. dave: we may get a dividend bust in the month of december and discuss all of these issues we have kevin in the pits of the cme and joe durant and united financial telling us what brand names are the best p
fiscal cliff. and dr. francis collins with the national institutes of health. fiscal cliff. folks including today to liz hy malcolmed the month of november and the red and nasdaq and s&p close slightly higher, consumer discretionary and industrials were this month's top performing sectors, utilities and energy lagged behind. oil posting its second straight day of gains closing the trading day up 1%, $80.91 for a barrel of oil and today's gains in crude up 3% for the month of november as...
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Dec 30, 2012
12/12
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>> which one a tax reform deal or the fiscal cliff deal? >> no, the fiscal cliff deal, and what might they be arriving at in the next day or so? >> well, here is what we are hearing. i will believe none of it until i see it. >> right. >> the rates will go up for high income people, and we don't know how high income, president obama wants $250,000 as the threshold, but republicans are pushing for more than $400,000, but it is splitting hairs at a certain point and especially now in the 11th hour or less than 30 hours away from the deadline. so we will see that, and we hope that they are going to put an amt patch in to protect the middle-class in from playing the wealth year for tax year 2012 yet, and we are totally running out of time on that one, and we have a bunch of tax extenders for businesses and individuals and they have expired and will they extend those? and the payroll tax will certainly expire and nobody is talking about that. the first pay xhek in jcheck in will be smaller regardless because of that. >> and you are so good at giv
>> which one a tax reform deal or the fiscal cliff deal? >> no, the fiscal cliff deal, and what might they be arriving at in the next day or so? >> well, here is what we are hearing. i will believe none of it until i see it. >> right. >> the rates will go up for high income people, and we don't know how high income, president obama wants $250,000 as the threshold, but republicans are pushing for more than $400,000, but it is splitting hairs at a certain point and...
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Nov 28, 2012
11/12
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david cote will be on capitol hill talking with republican leaders about the fiscal cliff. after that, he'll join us with the news and his analysis. >> tom: "beyond the scoreboard" tonight, google is a feared competitor, from its dominant position in internet search to the android smart phone software. now, it's getting into the game of live professional sports video. here's rick horrow. >> reporter: google has agreed to pay the nba a figure in the low six digits to stream 350 development league games on youtube this season. the deal marks the most live games on youtube by a major professional sports league. the partnership between the nba and google's youtube is being touted as an "experiment" to see how many views and how much online ad revenue can be generated from the games. when it comes to online video, the nba is arguably the most progressive u.s. sports league, having launched a dedicated youtube channel back in 2005. but for as much of an experiment as this is for the nba, it's an equally intriguing test for google. live sports tend to be the primary reason consume
david cote will be on capitol hill talking with republican leaders about the fiscal cliff. after that, he'll join us with the news and his analysis. >> tom: "beyond the scoreboard" tonight, google is a feared competitor, from its dominant position in internet search to the android smart phone software. now, it's getting into the game of live professional sports video. here's rick horrow. >> reporter: google has agreed to pay the nba a figure in the low six digits to stream...
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Dec 14, 2012
12/12
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economy is racing towards the fiscal cliff. we'll come back. we've got a top republican lawmaker telling us what she's willing to compromise on hopefully in regards to spending cuts and tax increases as part of this deal. plus, will there be a market event before the year is over because congress can't solve this budget mess? someone here is predicting one, but how bad will it be coming up? stay tuned. customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the ce
economy is racing towards the fiscal cliff. we'll come back. we've got a top republican lawmaker telling us what she's willing to compromise on hopefully in regards to spending cuts and tax increases as part of this deal. plus, will there be a market event before the year is over because congress can't solve this budget mess? someone here is predicting one, but how bad will it be coming up? stay tuned. customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy....
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Dec 1, 2012
12/12
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you have washington elite chanting fiscal cliff, fiscal cliff, hoping to convince republicans to do something stupid because the alternative would be going off the fiscal cliff. it is and of people, the very people trying to bully us now. all you have to say is let's break it into 12, 15 foothills, no cliffs. now one by one, solve each of the smaller problems until we get to some solutions. you don't have to panic over this i want to confess something. what i outlined for you, i copied from tip o'neil. when he was faced with ronald reagan in 1981, he knew he couldn't beat him in head-to-head negotiating but thought he could preserve the democratic party and welfare state in a long battle of attrition. o'neil who had a ran senate, republican president, used the power of house over and over again to slow the momentum. i think republicans got to understand they are not going to get any good deal from barack obama. he has contempt for them. he shows that on a regular basis. he's a hard-line left winger. they've got to think through the american people have chosen him he's going to be ou
you have washington elite chanting fiscal cliff, fiscal cliff, hoping to convince republicans to do something stupid because the alternative would be going off the fiscal cliff. it is and of people, the very people trying to bully us now. all you have to say is let's break it into 12, 15 foothills, no cliffs. now one by one, solve each of the smaller problems until we get to some solutions. you don't have to panic over this i want to confess something. what i outlined for you, i copied from tip...
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Aug 21, 2012
08/12
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how the looming fiscal cliff could cause a delay in tax refunds. the equity summary score consolidates the ratings of up to 10 independent research providers into a single score that's weighted based on how accurate they've been in the past. i'm howard spielberg of fidelity investments. the equity summary score is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. [ male announcer ] while many automakers are just beginning to dabble with the idea of hybrid technology, it's already engrained in our dna. during the golden opportunity sales event, get great values on some of our newest models. this is the pursuit of perfection. >>> welcome back, oil prices are not getting cheaper, it's the on zit. the real wild card is what israel may or may not do. according to anni news channel,t could catapult oil to $200 a barrel, send gasoline to $6 a gallon. our next guests are here to discuss this. walter, if a strike occurs, $6 gas? wow. >> we don't see it quite that high and we t
how the looming fiscal cliff could cause a delay in tax refunds. the equity summary score consolidates the ratings of up to 10 independent research providers into a single score that's weighted based on how accurate they've been in the past. i'm howard spielberg of fidelity investments. the equity summary score is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. [ male announcer ] while many automakers are just...
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104
Dec 18, 2012
12/12
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CNBC
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the fiscal cliff here and the recession over in europe. i think us getting through that makes oracle a nice pick into 2013. sadly, i've got to side with weiss. >> why is that sad? >> it always sad when i have to side with you, steve. >> we'll close on that. >>> in the meantime, speaker boehner's comments gave hope that we're close to a fiscal deal, make not a grand one but ap deal nonetheless. what will that mean for stocks? let's go to jackie. >> scott, that's exactly right. stocks getting a bid off those comments from house speaker boehner suggesting the idea of a plan b. but could a resolution to the fiscal cliff be an ultimate sell the news trade? let's talk futures now. let's start with you, rich. how much how yeigher do you thi stocks will go due to this deal? >> we were looking at levels of 1440. it broke out yesterday at 1424. this is our target. we've hit that. but if we close above 1440, i think that opens up the deal potentially to yearly highs. 1468, 1463 i think could be in the cards if we get a strong close above 1442. there'
the fiscal cliff here and the recession over in europe. i think us getting through that makes oracle a nice pick into 2013. sadly, i've got to side with weiss. >> why is that sad? >> it always sad when i have to side with you, steve. >> we'll close on that. >>> in the meantime, speaker boehner's comments gave hope that we're close to a fiscal deal, make not a grand one but ap deal nonetheless. what will that mean for stocks? let's go to jackie. >> scott, that's...
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Dec 31, 2012
12/12
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FOXNEWSW
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going over the fiscal cliff. meanwhile, the president talked about it today. >> democrats and republicans in congress have to get this done. but they are not there yet. they are close. but they're not there yet. and one thing we can count on with respect to this congress is that if there is even one second left before you have to do what you are supposed to do, they will use that second. >> we will continue to work on finding smarter ways to cut spending but let's not let that hold up and protect americans from the tax hike to take place in ten hours. ten hours from now. we can do this. we must do this. >> bret: it's not clear whether they can. it's not clear whether that is all of them believe they must. bring in the panel. jonah goldburg. kirsten powers if for daily beast. syndicated columnist charles krauthammer. begin with the president's statement today that happened mid-day. he framed it as ed henry said as campaign style event. middle class families behind him. didn't have a lot of details and has had the
going over the fiscal cliff. meanwhile, the president talked about it today. >> democrats and republicans in congress have to get this done. but they are not there yet. they are close. but they're not there yet. and one thing we can count on with respect to this congress is that if there is even one second left before you have to do what you are supposed to do, they will use that second. >> we will continue to work on finding smarter ways to cut spending but let's not let that hold...